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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $184.5M, roughly 1.8× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs -259.7%, a 266.6% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -7.0%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $-134.8M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs -26.8%).
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...
NFE vs PLOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $184.5M |
| Net Profit | $-847.1M | $12.8M |
| Gross Margin | 35.5% | 26.1% |
| Operating Margin | -193.0% | 10.5% |
| Net Margin | -259.7% | 7.0% |
| Revenue YoY | -7.0% | 28.6% |
| Net Profit YoY | -277.4% | 62.3% |
| EPS (diluted) | $-3.03 | $0.54 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $326.2M | $184.5M | ||
| Q3 25 | $240.3M | $162.1M | ||
| Q2 25 | $228.1M | $194.3M | ||
| Q1 25 | $384.9M | $115.1M | ||
| Q4 24 | $350.7M | $143.5M | ||
| Q3 24 | $446.0M | $129.4M | ||
| Q2 24 | $291.2M | $199.9M | ||
| Q1 24 | $609.5M | $95.7M |
| Q4 25 | $-847.1M | $12.8M | ||
| Q3 25 | $-263.0M | $8.0M | ||
| Q2 25 | $-546.5M | $26.0M | ||
| Q1 25 | $-175.4M | $148.0K | ||
| Q4 24 | $-224.4M | $7.9M | ||
| Q3 24 | $9.3M | $32.3M | ||
| Q2 24 | $-88.9M | $24.3M | ||
| Q1 24 | $54.1M | $-8.4M |
| Q4 25 | 35.5% | 26.1% | ||
| Q3 25 | 18.1% | 23.5% | ||
| Q2 25 | 8.4% | 31.0% | ||
| Q1 25 | 21.4% | 24.5% | ||
| Q4 24 | 17.6% | 24.9% | ||
| Q3 24 | 27.1% | 23.9% | ||
| Q2 24 | 23.8% | 30.7% | ||
| Q1 24 | 62.4% | 19.8% |
| Q4 25 | -193.0% | 10.5% | ||
| Q3 25 | -37.4% | 8.7% | ||
| Q2 25 | -170.3% | 19.0% | ||
| Q1 25 | -3.3% | 2.8% | ||
| Q4 24 | 65.0% | 9.0% | ||
| Q3 24 | 17.8% | 35.4% | ||
| Q2 24 | 12.3% | 18.2% | ||
| Q1 24 | 30.4% | -6.7% |
| Q4 25 | -259.7% | 7.0% | ||
| Q3 25 | -109.4% | 4.9% | ||
| Q2 25 | -239.6% | 13.4% | ||
| Q1 25 | -45.6% | 0.1% | ||
| Q4 24 | -64.0% | 5.5% | ||
| Q3 24 | 2.1% | 24.9% | ||
| Q2 24 | -30.5% | 12.2% | ||
| Q1 24 | 8.9% | -8.7% |
| Q4 25 | $-3.03 | $0.54 | ||
| Q3 25 | $-0.96 | $0.33 | ||
| Q2 25 | $-1.99 | $1.09 | ||
| Q1 25 | $-0.65 | $0.00 | ||
| Q4 24 | $-1.10 | $0.35 | ||
| Q3 24 | $0.03 | $1.36 | ||
| Q2 24 | $-0.42 | $1.02 | ||
| Q1 24 | $0.23 | $-0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $226.5M | — |
| Total DebtLower is stronger | $8.2B | $144.0M |
| Stockholders' EquityBook value | $182.6M | $281.4M |
| Total Assets | $10.6B | $626.7M |
| Debt / EquityLower = less leverage | 44.78× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | — | ||
| Q3 25 | $145.2M | — | ||
| Q2 25 | $551.1M | — | ||
| Q1 25 | $447.9M | — | ||
| Q4 24 | $492.9M | — | ||
| Q3 24 | $90.8M | — | ||
| Q2 24 | $133.0M | — | ||
| Q1 24 | $143.5M | — |
| Q4 25 | $8.2B | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $182.6M | $281.4M | ||
| Q3 25 | $1.1B | $275.3M | ||
| Q2 25 | $1.3B | $273.3M | ||
| Q1 25 | $1.8B | $258.9M | ||
| Q4 24 | $1.9B | $264.2M | ||
| Q3 24 | $1.6B | $260.8M | ||
| Q2 24 | $1.6B | $236.7M | ||
| Q1 24 | $1.7B | $217.2M |
| Q4 25 | $10.6B | $626.7M | ||
| Q3 25 | $12.0B | $694.9M | ||
| Q2 25 | $12.0B | $671.5M | ||
| Q1 25 | $13.1B | $621.0M | ||
| Q4 24 | $12.9B | $590.0M | ||
| Q3 24 | $12.0B | $665.6M | ||
| Q2 24 | $11.4B | $617.0M | ||
| Q1 24 | $10.9B | $577.1M |
| Q4 25 | 44.78× | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.74× | 0.56× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-76.2M | $95.9M |
| Free Cash FlowOCF − Capex | $-134.8M | $92.8M |
| FCF MarginFCF / Revenue | -41.3% | 50.3% |
| Capex IntensityCapex / Revenue | 18.0% | 1.7% |
| Cash ConversionOCF / Net Profit | — | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | $95.9M | ||
| Q3 25 | $-171.0M | $-8.5M | ||
| Q2 25 | $-329.0M | $-11.4M | ||
| Q1 25 | $-7.2M | $-1.3M | ||
| Q4 24 | $445.3M | $74.4M | ||
| Q3 24 | $-20.0M | $-14.2M | ||
| Q2 24 | $113.9M | $2.5M | ||
| Q1 24 | $63.0M | $-21.6M |
| Q4 25 | $-134.8M | $92.8M | ||
| Q3 25 | $-231.6M | $-11.4M | ||
| Q2 25 | $-726.7M | $-14.3M | ||
| Q1 25 | $-262.3M | $-3.5M | ||
| Q4 24 | $-210.3M | $70.2M | ||
| Q3 24 | $-367.0M | $-15.2M | ||
| Q2 24 | $-493.2M | $836.0K | ||
| Q1 24 | $-457.9M | $-22.4M |
| Q4 25 | -41.3% | 50.3% | ||
| Q3 25 | -96.4% | -7.1% | ||
| Q2 25 | -318.6% | -7.4% | ||
| Q1 25 | -68.2% | -3.0% | ||
| Q4 24 | -60.0% | 48.9% | ||
| Q3 24 | -82.3% | -11.8% | ||
| Q2 24 | -169.3% | 0.4% | ||
| Q1 24 | -75.1% | -23.4% |
| Q4 25 | 18.0% | 1.7% | ||
| Q3 25 | 25.2% | 1.8% | ||
| Q2 25 | 174.4% | 1.5% | ||
| Q1 25 | 66.3% | 1.9% | ||
| Q4 24 | 187.0% | 2.9% | ||
| Q3 24 | 77.8% | 0.8% | ||
| Q2 24 | 208.4% | 0.8% | ||
| Q1 24 | 85.5% | 0.8% |
| Q4 25 | — | 7.47× | ||
| Q3 25 | — | -1.07× | ||
| Q2 25 | — | -0.44× | ||
| Q1 25 | — | -9.03× | ||
| Q4 24 | — | 9.41× | ||
| Q3 24 | -2.15× | -0.44× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | 1.16× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
